PE's money is still in Singapore, but the data center has already moved to the neighboring province to save costs. I know this script well.

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CryptoFrontier
Singapore PE Hub Faces Data Centre Shift to Lower-Cost Markets
Singapore Remains Southeast Asia's Private Equity Hub Amid Data Centre Shift

Singapore remains the primary hub for private equity deals in Southeast Asia, but investors are increasingly directing capital toward data centre projects in lower-cost neighbouring markets, according to a new report
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